Civic Intelligence

Sequoia Project

990 • Fiscal year 2021 • EIN 83-1938925

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 03, 2022

8300 Boone Blvd 500Vienna, VA 22182

(571) 327-3637

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.41x

Higher debt load relative to assets than 76% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

55th percentile

0.20x

Higher debt load relative to revenue than 55% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

43rd percentile

9.2%

Higher net margin than 43% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

76th percentile

25%

Faster asset growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

71st percentile

33%

Faster revenue growth than 71% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,982,102

Up $594,149 (+25%) from 2020

Net Assets

Up

$1,751,914

Up $571,980 (+48%) from 2020

Liabilities

Up

$1,230,188

Up $22,169 (+1.8%) from 2020

Revenue

Up

$6,201,821

Up $1,554,914 (+33%) from 2020

Expenses

Up

$5,629,841

Up $866,762 (+18%) from 2020

Net Income

Up

$571,980

Up $688,152 (+592%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2019: $1,980,482Liabilities 2019: $684,376Net Assets 2019: $1,296,1062019Assets 2020: $2,387,953Liabilities 2020: $1,208,019Net Assets 2020: $1,179,9342020Assets 2021: $2,982,102Liabilities 2021: $1,230,188Net Assets 2021: $1,751,9142021Assets 2022: $3,329,672Liabilities 2022: $1,248,165Net Assets 2022: $2,081,5072022Assets 2023: $3,390,811Liabilities 2023: $1,294,303Net Assets 2023: $2,096,5082023Assets 2024: $3,400,592Liabilities 2024: $1,224,334Net Assets 2024: $2,176,2582024

Highlighted filing

2021

Assets$2,982,102
Liabilities$1,230,188
Net Assets$1,751,914

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $4,365,772Expenses 2019: $4,628,305Net Income 2019: -$262,5332019Revenue 2020: $4,646,907Expenses 2020: $4,763,079Net Income 2020: -$116,1722020Revenue 2021: $6,201,821Expenses 2021: $5,629,841Net Income 2021: $571,9802021Revenue 2022: $7,240,347Expenses 2022: $6,910,754Net Income 2022: $329,5932022Revenue 2023: $4,635,397Expenses 2023: $4,620,396Net Income 2023: $15,0012023Revenue 2024: $6,776,108Expenses 2024: $6,696,358Net Income 2024: $79,7502024

Highlighted filing

2021

Revenue$6,201,821
Expenses$5,629,841
Net Income$571,980
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 3, 2022
Return Version
2021v4.2
Gross Receipts
$6,201,821
Mission and Program Overview

Mission

See Schedule O for detail.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$956,313$1,544,995▲ $588,682
Savings and Temporary Cash Investments$402,700$402,752▲ $52
Accounts Receivable$96,553$221,120▲ $124,567
Prepaid Expenses and Deferred Charges$72,715$32,909▼ $39,806
Land, Buildings, and Equipment, Net$378$0▼ $378
Total Assets$2,387,953$2,982,102▲ $594,149
Other Assets Total$859,294$780,326▼ $78,968
Liabilities
Accounts Payable and Accrued Expenses$448,683$673,370▲ $224,687
Deferred Revenue$302,748$416,486▲ $113,738
Unsecured Notes Loans Payable$350,400--
Other Liabilities$106,188$140,332▲ $34,144
Total Liabilities$1,208,019$1,230,188▲ $22,169
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,179,934$1,751,914▲ $571,980
Total Net Assets Fund Balance$1,179,934$1,751,914▲ $571,980
Total Liabilities and Net Assets / Fund Balance$2,387,953$2,982,102▲ $594,149

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$51,658$51,658
Other Land Buildings$0$28,531$28,531
Other Assets Org$140,332--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mariann YeagerChief Executive OfficerFT$395,543$133,215$528,758
Jay NakashimaExecutive Director, Healtheway, Inc.-$291,502$77,557$369,059
Debra CondreyChief Operating OfficerPT$228,407$32,354$260,761
Michael YackanichDirector, Program Integration, Healtheway, Inc.-$194,005$31,122$225,127
Michael YackanichDirector, Program Integration, Healt-$183,531$41,596$225,127
Dawn TaylorVP MarketingPT$179,375$30,638$210,013
Blannca DavisVP InformaticsFT$170,748$18,311$189,059
Alan SwensonExecutive Director, Carequality-$147,396$21,974$169,370
Michael McCuneSolutions Engineer, Healtheway, Inc.-$142,154$13,834$155,988
Pat RussellDirector, Policy & Governance, Healtheway, Inc.-$135,651$7,608$143,259
Alan SmithChief Financial OfficerPT$88,844$4,071$92,915

Board Members and Trustees

NameTitle
Steven LaneChair
Michael HodgkinsVice Chair
Aaron MiriBoard Member
Brian BarrettBoard Member
Jamie FergusonBoard Member
Jenn HoronjeffBoard Member
Lee BarrettBoard Member
Michael MatthewsBoard Member
Nancy BeavinBoard Member
Paul MatthewsBoard Member
Paul UhrigBoard Member
Rita BowenBoard Member
Rob KlootwykBoard Member
Shannah KossBoard Member
John KanskySecretary
David HorrocksTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Gravely GroupLegal Services109 Branchview Circle, Richmond, VA 23229$721,276
Lantana Consulting GroupIT Consulting3611 Route 5 E, Thetford, VT 05043$246,029
Spire CommunicationsMarketing Consultation210 North View Terrrace, Alexandria, VA 22301$207,560
DirectTrustIT Security ConsultingPO Box 2885, Blairsville, GA 30514$197,500
Troutman Pepper HamiltonLegal Services600 Peachtre Street Suite 3000, Atlanta, GA 30308$162,686
Revenue and Support

Revenue Composition

Contributions and Grants
$380,400
Program Service Revenue
$5,819,666
Investment Income
$201
Other Revenue
$1,554
All Other Contributions
$30,000
Change in Net Assets
$571,980
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,841,095
Other Expenses$1,788,746
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,424,287$487,527-$1,911,814
Current Officers, Directors, Trustees, and Key Employees$1,034,591$386,271-$1,420,862
Fees for Services Other$1,031,623$80,652-$1,112,275
Information Technology-$273,866-$273,866
Other Employee Benefits$120,332$114,861-$235,193
Payroll Taxes$149,954$48,226-$198,180
Advertising-$113,149-$113,149
Conferences and Meetings$81,403--$81,403
Pension Plan Contributions$36,791$38,255-$75,046
Fees for Services Accounting-$71,191-$71,191
Fees for Services Legal$54,969--$54,969
Insurance-$29,885-$29,885
Occupancy-$28,259-$28,259
Office Expenses-$18,313-$18,313
Travel$1,262--$1,262
Depreciation Depletion-$377-$377
Other Expenses-$197-$197
Total Functional Expenses$3,935,212$1,694,629$0$5,629,841
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred compensation liabilities$140,332
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The Form 990 will be reviewed by finance committee prior to filing.

Form 990, Part VI, Section B, line 12C

All directors, officers, and members with board-delegated powers have a duty to disclose any conflict of interest. Directors exercise due diligence when deciding whether to enter into the transaction or arrangement. Failure to report an actual or possible conflict of interest may result in disciplinary and corrective action.

Form 990, Part VI, Section B, line 15

The company engaged an outside human resources consultant to do an independent salary benchmark survey for all company employee positions. Compensation falls within these parameters. Their review also included a detailed review and audit of all positions to confirm exempt and non-exempt status.

Form 990, Part VI, Section C, line 19

The Organization's governing documents and conflict of interest policy are available to the public; however, the financial statements are not available to the public.

Filing and Contact Details

Filer

Filer Name
The Sequoia Project Inc
EIN
83-1938925
Phone
5713273637
Address
8300 Boone Blvd 500, Vienna, VA 22182

Signing Officer

Name
Mariann Yeager
Title
CEO
Phone
5713273637
Signed
2022-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mariann Yeager
Formed
2018
Legal Domicile
Va
Voting Board Members
16
Independent Board Members
16
Employees
25
Volunteers
0

Preparer

Firm
Rogers & Company PLLC
Address
8300 Boone Boulevard Suite 600, Vienna, VA 22182
Preparer
Jie Chen CPA
Phone
7038930300
Supplemental Narrative

Additional Explanations

Form 990, Part I Line 1

Sequoia seeks to lessen the burden on the United States federal government to advance the interoperability of different electronic health information technologies to support the safe and secure sharing of electronic health information for the benefit of all Americans. This is a top priority of the federal government and Sequoia works to support these efforts in the following ways: (1) serving as the Recognized Coordinating Entity to the Health and Human Services Office of the National Coordinator for Health Information Technology (ONC) to develop the Common Agreement for ONC's Trusted Exchange Framework and Common Agreement; (2) under separate Management and Support Services Agreements provide support to Healtheway, Inc. and Carequality, Inc. (501(c)(3) exempt organizations) in operating their own independent health information exchanges endeavors (3) serving as a convenor of the diverse stakeholders that are involved in the access, exchange and use of electronic health information to help develop consensus solutions to the complex challenges that serve as barriers to the seamless exchange of electronic health information among those who have the legal right to access the information and have a valid need for the information, and; (4) serve as a trusted nationwide authority for education on important topics related to electronic health information issues.

Form 990, Part III Line 1

Sequoia seeks to lessen the burden on the United States federal government to advance the interoperability of different electronic health information technologies to support the safe and secure sharing of electronic health information for the benefit of all Americans. This is a top priority of the federal government and Sequoia works to support these efforts in the following ways: (1) serving as the Recognized Coordinating Entity to the Health and Human Services Office of the National Coordinator for Health Information Technology (ONC) to develop the Common Agreement for ONC's Trusted Exchange Framework and Common Agreement; (2) under separate Management and Support Services Agreements provide support to Healtheway, Inc. and Carequality, Inc. (501(c)(3) exempt organizations) in operating their own independent health information exchanges endeavors (3) serving as a convenor of the diverse stakeholders that are involved in the access, exchange and use of electronic health information to help develop consensus solutions to the complex challenges that serve as barriers to the seamless exchange of electronic health information among those who have the legal right to access the information and have a valid need for the information, and; (4) serve as a trusted nationwide authority for education on important topics related to electronic health information issues.

Form 990, Part IX, line 11G

HR consulting: Program service expenses 0. Management and general expenses 80,652. Fundraising expenses 0. Total expenses 80,652. Government relations: Program service expenses 25,099. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,099. Outreach & education services: Program service expenses 48,484. Management and general expenses 0. Fundraising expenses 0. Total expenses 48,484. Other consultants: Program service expenses 958,040. Management and general expenses 0. Fundraising expenses 0. Total expenses 958,040.

Financial Statement Notes

Part X, Line 2:

At December 31, 2021, no tax provision was made as the Organization had no unrelated business income. Management has evaluated the Organization's tax positions and concluded that there are no significant uncertain tax positions that qualify for either recognition or disclosure in the accompanying combined financial statements.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Steven Lane
IRS990/Form990PartVIISectionAGrp/PersonNm1Michael Hodgkins
IRS990/Form990PartVIISectionAGrp/PersonNm2Brian Barrett
IRS990/Form990PartVIISectionAGrp/PersonNm3Lee Barrett
IRS990/Form990PartVIISectionAGrp/PersonNm4Nancy Beavin
IRS990/Form990PartVIISectionAGrp/PersonNm5Rita Bowen
IRS990/Form990PartVIISectionAGrp/PersonNm6Jamie Ferguson
IRS990/Form990PartVIISectionAGrp/PersonNm7Jenn Horonjeff
IRS990/Form990PartVIISectionAGrp/PersonNm8David Horrocks
IRS990/Form990PartVIISectionAGrp/PersonNm9John Kansky
IRS990/Form990PartVIISectionAGrp/PersonNm10Rob Klootwyk
IRS990/Form990PartVIISectionAGrp/PersonNm11Shannah Koss
IRS990/Form990PartVIISectionAGrp/PersonNm12Michael Matthews
IRS990/Form990PartVIISectionAGrp/PersonNm13Paul Matthews
IRS990/Form990PartVIISectionAGrp/PersonNm14Aaron Miri
IRS990/Form990PartVIISectionAGrp/PersonNm15Paul Uhrig
IRS990/Form990PartVIISectionAGrp/PersonNm16Mariann Yeager
IRS990/Form990PartVIISectionAGrp/PersonNm17Debra Condrey
IRS990/Form990PartVIISectionAGrp/PersonNm18Alan Smith
IRS990/Form990PartVIISectionAGrp/PersonNm19Jay Nakashima
IRS990/Form990PartVIISectionAGrp/PersonNm20Alan Swenson
IRS990/Form990PartVIISectionAGrp/PersonNm21Blannca Davis
IRS990/Form990PartVIISectionAGrp/PersonNm22Michael Yackanich
IRS990/Form990PartVIISectionAGrp/PersonNm23Dawn Taylor
IRS990/Form990PartVIISectionAGrp/PersonNm24Michael McCune
IRS990/Form990PartVIISectionAGrp/PersonNm25Pat Russell
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Chief Executive Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt17Chief Operating Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt18Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt19Executive Director, Healtheway, Inc.
IRS990/Form990PartVIISectionAGrp/TitleTxt20Executive Director, Carequality
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP Informatics
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director, Program Integration, Healtheway, Inc.
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP Marketing
IRS990/Form990PartVIISectionAGrp/TitleTxt24Solutions Engineer, Healtheway, Inc.
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director, Policy & Governance, Healtheway, Inc.
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Filings

Peer Organizations

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